SpareBank 1 Sørøst-Norge

Share Issue/Capital Change • Sep 24, 2024

Decision on completion of the merger of SpareBank 1 SR-Bank ASA og SpareBank 1 Sørøst-Norge and subscription price for new shares to be issued in connection with the merger

Decision on completion of the merger of SpareBank 1 SR-Bank ASA og SpareBank 1 Sørøst-Norge and subscription price for new shares to be issued in connection with the merger

Reference is made to the stock exchange notice of 26 October 2023, 5 December 2023, 17 April 2024 and 21 June 2024 regarding the merger of SpareBank 1 SR-Bank ASA and SpareBank 1 Sørøst-Norge.

Finanstilsynet has granted necessary permits to carry out the merger.

Therefore, the boards of SpareBank 1 SR-Bank ASA and SpareBank 1 Sørøst-Norge have on 24 September 2024, decided to complete the merger of the banks.

The board of SpareBank 1 SR-Bank ASA has also set the subscription price for the new shares to be issued in connection with the capital increase, which will be carried out to issue shares as consideration in the merger of the banks. In connection with the completion of the merger, the share capital in SpareBank 1 SR-Bank will be increased by 2,779,683,450 NOK through the issuance of 111,187,338 new shares, each with a nominal value of NOK 25 and at a subscription price of NOK 130.60. The subscription price equals the last estimated book value per share at a group level at the time the board of directors decided to complete the merger, in accordance with the merger plan. All shares will be issued to the existing equity certificate holders in SpareBank 1 Sørøst-Norge.

The merger is planned to be completed on the 1 October 2024.

Contact persons:

SpareBank 1 SR-Bank ASA

Chair: Dag Mejdell, tel. +47 905 62 970

CEO: Inge Reinertsen, tel. +47 909 95 033

SpareBank 1 Sørøst-Norge

Chair: Finn Haugan, tel. +47 900 41 002

CEO: Per Halvorsen, tel. +47 934 07 441

CFO: Roar Snippen, tel. +47 976 10 360

This information is disclosed pursuant to the requirements of the Securities Trading Act § 5-12.